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Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,740
No. of Employees
68,400
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.91 Lakh Cr
Consolidated Lending Book
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Aditya Birla Capital Limited
Aditya Birla Capital Limited (“ABCL”) is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 68,400 employees, the businesses of ABCL have a nationwide reach with over 1,740 branches and more than 200,000 agents/channel partners along with several bank partners.
Nationwide Branches
1,740
No. of Employees
68,400
Agents/Channel Partners
2,00,000+
Aggregate Assets
INR 5.91 Lakh Cr
Consolidated Lending Book
INR 2 Lakh CrCorporate Governance Policies
Financial and Debt-Related Policies
Business and Partnership Policies
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To be responsible for timely and accurate updation of Mutual fund/ Bonds/ IPO receivable & payable rates in the IT systems, covering other unmapped transactions appropriately and processing upfront commission calculations while maintaining adequate control, accurate brokerage and payout calculations, reconciliations and MIS periodically
Job Context: Aditya Birla Money comprises of 2 separate entities, Aditya Birla Money Ltd., which is primarily a Broking Company and Aditya Birla Money Mart Ltd., which is primarily a distribution house of third party investment products through sound investment advisory and Wealth Management Services to its clients. This makes ABM a primary Customer Interface Platform, providing a range of investment solutions through an integrated Financial Platform. ABM manages the entire portfolio needs of its customers sans CASA and hence takes direct customer ownership through entrenched relationship.
ABM works in a highly regulated environment with a host of regulators like SEBI, RBI, AMFI, IRDA etc. regulating its day to day operations. ABM also operates in a highly competitive market with ABML competition from major National Broking houses like ICICI Securities, HDFC Securities, Angel Broking, etc. and a range of local Broking houses. On the other hand ABMML competition is from Major Distribution Houses like NJ India Invest, Bajaj Capital, Prudent and a range of Banks (both Indian and MNC).
Based on Distributor wise AUA of Mutual Funds, ABMML was ranked as the 5th Largest distributor as on Aug. 2011 (CAMS and Karvy data).
The Operations department in the 3rd party product distribution business is engaged right from client registrations to managing the routine operations, streamlining the operations, payout processing activity based on business requirements and managing client and business partner servicing
The Executive – Operations (Upfront Processing) processes the upfront commission calculations for MFs, Bonds, FDs and IPO products, updates the rates and other transactional records in the system and performs reconciliation and coordination with internal and external parties in the most accurate and efficient way
Job Challenges: The key challenges for this profile include high volume transaction handling, complicated computation for incentives for various products and ensuring error free processing of transactions
| KRA (Accountabilities) (Max 1325 Characters) | Supporting Actions (Max 1325 Characters) | |
|---|---|---|
| KRA1 | To ensure updation of Mutual fund/ Bonds/ FD and IPO rates, their modifications and other changes accurately in the IT systems | • To undertake recording the new product rates, update the modification done and informed by the Products teams in the IT systems for Upfront revenue computation • To record and update the payable rates to the Channel partners for transactions sourced via them • To undertake payout processing for these products by ensuring adequate mapping of codes and coordinating with various product manufacturers, product teams, etc • To undertake Rate reconciliation of actual commission received with rate structures agreed with the AMCs, Product manufacturers including any special scheme sanctions • To follow-up for cases where products are sold but rates are not available in the system and resolve discrepancies |
| KRA2 | To regularly coordinate with Branches and Product teams to ensure correct mapping and recording of transactions and support system automations | • To adhere to the mapping of customer records and deal slip entries to reduce the unmapped customer transactions (walk-ins) • To separately monitor and track big ticket size deals and if they are unmapped, co-ordinate with branches for mapping those unmapped transactions • To share MIS with Branches and Products teams on the various analytics on products and rate changes, trend analysis and also share the MIS on matched, unmatched and total deal slips • To support the IT development related UATs for automating the various operational processes, reconciliations, etc and validate the System outputs • To process payout data for validation and perform reconciliations with these teams on their accuracy and exhaustiveness |
| KRA3 | To preparing Various MIS and providing timely data for Management reporting | • To prepare weekly MIS covering product related analytics for Management teams and internal reviews • To provide provisional revenue figures to the MIS and Accounts team for the commission calculations at month ends • To provide data to the Internal and Statutory Auditors for the respective products operational processes, responding to audit observations, etc • To prepare and validate data on RM incentives on quarterly basis and ensure complete accuracy in the same |
1 - 3 years
Executive MBA,High School,MBA Tech